SailPoint Sinks 13% After Earnings as Guidance Cools Growth Outlook

Overview

• SailPoint shares fell about 13% to $12.75 following the latest earnings release.
• Fiscal 2026 total ARR reached $1.125 billion, up 28%, with SaaS ARR rising 38% to $746 million.
• Revenue climbed to $295 million in Q4 (up 23%) and $1.071 billion for the year (up 24%), with subscription revenue up 27% to $1.010 billion.
• GAAP operating losses widened to $40 million in Q4 and $307 million for the year, compared with $30 million and $189 million a year earlier, while adjusted operating income improved to $61 million in Q4 and $194 million for the year.
• Fiscal 2027 guidance points to slower expansion, with Q1 ARR of $1.153–$1.157 billion, full-year ARR of $1.356–$1.366 billion, and revenue of $1.260–$1.270 billion.